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If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the discount rate using US GAAP?
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Questions - Question 1 - On 20 September 2005 Louisa paid $500,000 for an investment property and incurred the following costs: In October 2005 stamp duty and legal costs on acquisition $25,000 In June 2010 Louisa added ...
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Question - As the senior accountant you had just prepared & posted the journal entry that closed the revenue accounts to the income summary account. Suddenly you noticed that your bookkeeper made a tragic error in record ...
Question - A company incurred the following transactions: 1. Wages of $2,650 accrued at the end of the prior fiscal period were paid this fiscal period. 2. Real estate taxes of $7,100 applicable to the current period hav ...
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